The Accounting Records of Mason Service Company Include the Following

question 96

Essay

The accounting records of Mason Service Company include the following selected,unadjusted balances at June 30: Accounts Receivable,$2,700;Office Supplies,$1,800;Prepaid Rent,$3,600;Equipment,$15,000;Accumulated Depreciation - Equipment,$1,800;Salaries Payable,$0;Unearned Revenue,$2,400;Office Supplies Expense,$2,800;Rent Expense,$0;Salaries Expense,$15,000;Service Revenue,$40,500.
The following data developed for adjusting entries are as follows:
a.Service revenue accrued,$1,400
b.Unearned Revenue that has been earned,$800
c.Office Supplies on hand,$700
d.Salaries owed to employees,$1,800
e.One month of prepaid rent has expired,$1,200
f.Depreciation on equipment,$1,500
Journalize the adjusting entries.Omit explanations.

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Definitions:

Opposing Argument

A viewpoint or statement that contradicts or challenges another position or argument in a debate or discussion.

Interrelationships

The way in which two or more concepts, objects, or people are connected, related, or interconnected.

Free-Choice Question

A type of question that allows the respondent to answer in an open-ended format, providing personal insights or opinions without being restricted to predefined options.

Erasmus

Desiderius Erasmus of Rotterdam, a 15th-16th-century Dutch Renaissance humanist, Catholic priest, social critic, teacher, and theologian known for his works on theology, education, and for advocating for religious tolerance.